Hacking News
Binance Transaction Costs $15 in Fees for $2.5 Billion Theft
A single transaction on Binance, facilitated by EIP-7702, allowed an attacker to steal $2.5 billion in a matter of minutes. The transaction cost $15 in network fees. Binance has confirmed EIP-7702 played a significant role and has taken steps to limit that risk. The week saw Bitcoin and Ether prices fall, with CoinGlass reporting $1.27 billion in liquidations over 24 hours. Fear and Greed sentiment index is at 32.